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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE MAY 11, 2021
Tuesday, May 11, 2021 | 08:05am
NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on May 10, 2021.
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News
COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE APRIL 6, 2021
Tuesday, April 06, 2021 | 09:05am
NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on April 5, 2021.
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